Showing posts with label BP Safety. Show all posts
Showing posts with label BP Safety. Show all posts

Wednesday, November 3, 2010

BP (NYSE:BP) Pipelines in Alaska Could Fail Says Internal Report

According to an internal maintenance report of BP (NYSE:BP), a minimum of 148 pipelines on the North Slope in Alaska are in danger of failing, generating questions on BP's new commitment to safety.

The company has ranked the 148 pipelines as an "F" at this time.

Most of the pipeline problems come from what is described as severe corrosion, in some cases worn to levels of only millimeters from bursting, says the report.

Responding to the alleged pipeline problem, BP's Alaska spokesman, Steve Rinehart, said there was "an aggressive and comprehensive pipeline inspection and maintenance program" in place to deal with the testing for safety concerning corrosion.

BP's Alaska spokesman, Steve Rinehart, said the company had , which included spending millions of dollars and regularly testing for safety, reliability and corrosion.

Also at issue is the reliability of fire and gas warning systems, which Rinehart also said are tested on a regular basis.

"We will not operate equipment or facilities that we believe are unsafe," Rinehart concluded.

Tuesday, October 26, 2010

BP (NYSE:BP) CEO Points to the Positive of Company and Oil Spill

Speaking to a group of British businessmen, BP (NYSE:BP) CEO Bob Dudley began his initial steps to restore and repair the reputation of the company.

He has made safety the initial primary focus of his tenure at the company, making it the key metric for bonuses in the short term, while working on developing even better best practices in the area.

Dudley did point to some of the good things the company has already done:

"The first thing to say is that we have stopped the leak and made huge progress in cleaning up the spill.

"Second, our containment and clean-up efforts have gotten results.

"Third, we are meeting our commitments as a responsible party of this accident."

Finally, one of things several large energy companies have also said, including Dudley and BP, is they now have to be much more selective in their choice of third parties and manage the process and work much more closely.

Friday, October 22, 2010

Government Corruption Caused BP (NYSE:BP) Oil Spill, Testimony

The recent testimony of William Reilly of the National Committee on the BP Deepwater Horizon, asserted the BP (NYSE:BP) oil spill from the explosion on the Deepwater Horizon oil rig was caused by government corruption, rather than simply being an accident.

Reilly blamed the "accident" on the government and its regulatory agencies like MMS refusing to enforce or implement basic safety practices and measures.

Reilly said, “We have found that the industry has distorted and impeded effective rule making and prevented rules from being made.”

In other words, Reilly claims the government and industry are working together against safe drilling.

“The regulatory and inspection process has been subject to political and industry pressure. The industry has successfully sought congressional intervention to prevent implementation of mms rule making,” concluded Reilly.

As long as lawmakers and the oil industry are in bed together, safety issues will not be properly addressed and more oil spills could happen in the future in the Gulf of Mexico, according to Reilly.

Monday, October 11, 2010

BP (NYSE:BP) May Eliminate Oversight Board

In what some view as a move which has a lot of risk for BP (NYSE:BP), they're reportedly contemplating getting rid of a safety oversight board created after the explosion at a Texas refinery in 2005.

The board is basically developed to allow concerns over safety related to BP to be reported to a third party, i.e., for whistle-blowers.

After the incident in the Gulf of Mexico, BP created an internal safety board, which evidently they appear to want to be the focus of concerns and investigations, rather than the prior board.

The first board allowed contractors and/or employees to raise concerns, most of which concerned the pipeline oil spill in Alaska in 2006.